Jeetendra Kapoor Sells Mumbai Land to NTT for Rs 855 Crore in Data Centre Boom
Veteran Bollywood actor Jeetendra Kapoor and his family have sold a valuable property in Mumbai's Andheri to NTT Global Data Centres for Rs 855 crore, reflecting the growing demand for digital infrastructure in India.
Real EstateData CenterJeetendra KapoorNttAndheriReal Estate MumbaiJun 05, 2025
According to documents accessed by proptech platform Square Yards, the deal was finalised in May 2025 and involved two family-owned firms – Pantheon Buildcon and Tusshar Infra Developers. The property in question, spread over 9,664.68 square metres (approximately 2.4 acres), currently houses Balaji IT Park, which comprises three fully developed commercial buildings.
While the official market valuation of the land stands at Rs 729.26 crore, NTT’s acquisition reflects the premium companies are now willing to pay to expand their data infrastructure footprint in India. The transaction also involved the payment of Rs 8.69 crore in stamp duty and Rs 30,000 in registration charges.
This development comes at a time when the country is witnessing an unprecedented rise in demand for data centers, fuelled largely by the rapid adoption of Artificial Intelligence (AI), cloud services, and digital transformation across industries. NTT, already a dominant player in the data centre space, is aggressively ramping up its infrastructure to cater to this growth, joining the ranks of global tech giants like Google Cloud, Microsoft, and Amazon Web Services (AWS) in investing heavily in Indian digital real estate.
Andheri, known for its strategic location and status as a commercial and residential powerhouse in Mumbai, has long been home to IT parks, premium office spaces, and major real estate developments. For NTT, the acquisition provides a critical foothold in a neighbourhood well connected to Mumbai’s business and tech corridors.
Jeetendra Kapoor, a celebrated figure in Hindi cinema with over 200 films to his name, serves as the promoter and non-executive chairman of Balaji Telefilms, a production company that has delivered some of Indian television’s most iconic shows under the leadership of his daughter Ekta Kapoor. His son, Tusshar Kapoor, also plays an active role in the entertainment industry as an actor and producer.
NTT DATA, the IT arm of Japanese conglomerate NTT Group, ranks among the top 10 global IT service providers. Headquartered in Tokyo, the company operates in over 50 countries, with significant presence in cities such as Bengaluru, Hyderabad, and Chennai. NTT DATA’s offerings span consulting, application development, cloud infrastructure, and AI-based solutions. In 2024 and 2025, the company was recognised as a ‘Global Top Employer’. As part of its India strategy, NTT is not only strengthening its data centre ecosystem but also exploring entry into the fintech sector, including a potential 9% stake in SBI’s banking subsidiary. The firm employs over 1,90,000 professionals worldwide and continues to hire for tech-forward roles such as Salesforce QA Engineers and AI-trained professionals.
Frequently Asked Questions
What is the significance of NTT's acquisition of the Andheri property?
NTT's acquisition of the Andheri property reflects the growing demand for data centers in India, driven by the rapid adoption of AI, cloud services, and digital transformation across industries. This strategic move provides NTT with a critical foothold in a well-connected and commercially significant area of Mumbai.
Who are the family-owned firms involved in the sale of the Andheri property?
The family-owned firms involved in the sale of the Andheri property are Pantheon Buildcon and Tusshar Infra Developers, both owned by Jeetendra Kapoor and his family.
What is the official market valuation of the Andheri property?
The official market valuation of the Andheri property is Rs 729.26 crore, although NTT paid a premium of Rs 855 crore to acquire it.
What other tech giants are investing in Indian digital real estate?
Other tech giants investing in Indian digital real estate include Google Cloud, Microsoft, and Amazon Web Services (AWS). These companies are also expanding their data center infrastructure to meet the growing demand for digital services in India.
What is NTT DATA's India strategy beyond data centers?
NTT DATA's India strategy includes strengthening its data center ecosystem and exploring entry into the fintech sector, including a potential 9% stake in SBI’s banking subsidiary. The company is also actively hiring for tech-forward roles such as Salesforce QA Engineers and AI-trained professionals.
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